Is fuboTV Stock Still a Buy Amidst Lowering of FY22 Estimates?

TipRanks2022-07-10

There is no other way of saying it, 2022 has been absolutely brutal for fuboTV (FUBO)stock. The shares have lost 82% of their value since the turn of the year as investors have turned away from high-...

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Comments

Asphen
2022-07-11
Asphen
A super long hold
ASMH
2022-07-11
ASMH
Like
HF133
2022-07-11
HF133
Ok
ML808
2022-07-11
ML808
Cool
missychatty
2022-07-10
missychatty
Ok
marcothen
2022-07-10
marcothen
Good thanks

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The shares have lost 82% of their value since the turn of the year as investors have turned away from high-...</p>\n\n<a href=\"https://www.tipranks.com/news/article/is-fubotv-stock-still-a-buy-amidst-lowering-of-fy22-estimates/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FUBO","symbol_name":"fuboTV Inc.","start_time":0,"source_url":"https://www.tipranks.com/news/article/is-fubotv-stock-still-a-buy-amidst-lowering-of-fy22-estimates/","article_id":"1109786239","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1606183248679","url":"https://www.tipranks.com/news/article/is-fubotv-stock-still-a-buy-amidst-lowering-of-fy22-estimates/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1109786239","pubTimestamp":1657421544,"sourceInfo":{"source_id":"lsy1606183248679","name":"TipRanks"},"weMediaInfo":null,"summary":"There is no other way of saying it, 2022 has been absolutely brutal for fuboTV (FUBO)stock. The shar","collect":0,"end_time":0,"defaultTopTitle":"tipranks.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FUBO":"fuboTV Inc."},"translate_title":"在下调22财年预期的情况下，富博电视的股票仍然是买进的吗？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FUBO":0.9},"content_text":"There is no other way of saying it, 2022 has been absolutely brutal for fuboTV (FUBO)stock. The shares have lost 82% of their value since the turn of the year as investors have turned away from high-growth yet unprofitable names.And that is essentially the crux of the matter for FUBO. Because while the sports-focused streamer has shown that it can grow at a rapid clip, it hasn’t been able to show that it is getting any closer to turning a profit.The near-term outlook does not inspire much confidence either, according to Needham’s Laura Martin. With this in mind, Martin has made some changes to her FUBO model.“We lower our FY22 estimates for FUBO to reflect growing competition in the vMVPD space, slower streaming ad-rev growth, and weakening US consumer spending owing to higher gasoline prices and other inflationary pressures on goods,” the analyst explained.As such, the revenue forecast is reduced from 1.09 billion to 1.047 billion while the EPS estimate changes from ($2.89) to ($3.20).There are no changes to Q2’s estimates although the revenue mix between subscription and advertising is given a tweak. Martin now anticipates subscription revenue will reach $201.6 million – amounting to a 76% year-over-year uptick and 3% above her previous forecast. That said, expectations for ad revenue are reduced by 20% to $20.4 million (up 24% YoY). For the quarter, Martin reckons FUBO will show total sub losses of 89,000, of which North America will account for 84,000 and the rest of the world for the remaining 5000.Looking ahead, Martin expects some of the sub growth to be pushed out of FY22 into FY23, which will lead to higher revenue in FY23, although owing to the company’s wagering initiatives, Martin also expects higher costs next year.Otherwise, there’s no change to Martin’s Buy rating or $5 price target. Should that figure make the grade, investors will be sitting on gains of ~77% a year from now. The Street is flashing mixed signals on all things FUBO; on the one hand, based on 5 Holds, 3 Buys and 1 Sell, the stock receives a Hold consensus rating. However, following the shares’ mighty drop, most appear to think they are now undervalued; going by the $5.71 average target, the stock is expected to climb ~102% higher in the year ahead.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9071166271,"gmtCreate":1657501936793,"gmtModify":1676536014607,"author":{"id":"3576339097425722","authorId":"3576339097425722","name":"Asphen","avatar":"https://community-static.tradeup.com/news/55ff1b64b2787933c17d863ecae83f09","vip":1,"crmLevel":8,"crmLevelSwitch":1,"authorIdStr":"3576339097425722","idStr":"3576339097425722"},"htmlText":"A super long hold&nbsp;","listText":"A super long hold&nbsp;","text":"A super long hold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071166271","repostId":1109786239,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9071364950,"gmtCreate":1657493654870,"gmtModify":1676536012168,"author":{"id":"3586939439858903","authorId":"3586939439858903","name":"ASMH","avatar":"https://static.tigerbbs.com/c8c22c3127769d9bb7b4e8d291d98433","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3586939439858903","idStr":"3586939439858903"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071364950","repostId":1109786239,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9071368152,"gmtCreate":1657492990676,"gmtModify":1676536012066,"author":{"id":"3583621807888930","authorId":"3583621807888930","name":"HF133","avatar":"https://static.tigerbbs.com/ce211305e06a021e08ecfcbc0e23bbb5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3583621807888930","idStr":"3583621807888930"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071368152","repostId":1109786239,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9071312639,"gmtCreate":1657489107121,"gmtModify":1676536011633,"author":{"id":"3582359360248748","authorId":"3582359360248748","name":"ML808","avatar":"https://static.tigerbbs.com/f601c68849ffbac8b7679f40f1471368","vip":1,"hat":"https://static.tigerbbs.com/7b75ce0c34afff716602792a5d0929dd","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3582359360248748","idStr":"3582359360248748"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071312639","repostId":1109786239,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9071015770,"gmtCreate":1657428441991,"gmtModify":1676536007040,"author":{"id":"3560333139103013","authorId":"3560333139103013","name":"missychatty","avatar":"https://static.tigerbbs.com/d75cdb42cbca99e3666b7b1796540245","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3560333139103013","idStr":"3560333139103013"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071015770","repostId":1109786239,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9071039108,"gmtCreate":1657426187604,"gmtModify":1676536006661,"author":{"id":"3568605490338063","authorId":"3568605490338063","name":"marcothen","avatar":"https://static.tigerbbs.com/f2e8f0b7670f813d1cc0d139b402ac09","vip":1,"crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"3568605490338063","idStr":"3568605490338063"},"htmlText":"Good thanks&nbsp;","listText":"Good thanks&nbsp;","text":"Good thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071039108","repostId":1109786239,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":221,"commentSize":11,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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